Fantasy CoinMarketCap

in #coinmarketcap6 years ago


fantasy.jpg

Here's what I'd like to see when I visit https://www.coinmarketcap.com:

  1. EOS
  2. Monero/Dash/Bytecoin/Zcash/VeChain
  3. Steem
  4. Golem/Gridcoin
  5. Siacoin/Storj
  6. Bitshares
  7. Ethereum/Cardano/Neo
  8. Nano/Iota
  9. Manna
  10. Litecoin/Monacoin

There are lots of good coins out there, but I'd like to see a spread of attributes from the ones at the top.

EOS

API (application protocol interface) coins are the way of the future. I am uber bullish on EOS because the year long ICO phase will end in three weeks. As the first coin to do this it will be relatively very decentralized. EOS is the first API coin to introduce multi-threading and infinite scalability. However, it sacrifices security and trust by relying on 20 witnesses in exchange for speed. Hopefully, the decentralization will be strong enough to vote out bad witnesses. I trust that @dan and Block.One know what they are doing.

Privacy Coins

Privacy blockchains are going to be very important in the future. To those that lack vision, privacy coins seem like tools for criminals and terrorists. However, this is exactly what people used to think about Bitcoin. This tech will enable anonymous voting to happen online and prevent people from getting persecuted by corrupt authorities.

Steem

Steem has the greatest application of any blockchain currently online. With superior account security, three second blocks, account recovery, social media, API, DPOS, etc... Steem has carved out a place in the space for years to come.

Proof-of-work 2.0

Coins like Golem and Gridcoin are going to eventually change proof-of-work forever. It's been shown that the lottery system of worthless hashes (Bitcoin and every other POW coin) is wasteful and unsustainable. With proof-of-work 2.0, you get paid based on actual valuable work that your computer has completed.

Cloud-based storage coins

Siacoin and Storj might not seem that great right now. Do we really need another cloud based storage system? The answer is yes! Individuals do not need more options for cloud services but other blockchains do. When the technology gets good enough to provide a foundation for other blockchains, storage coins will show their true value. Entire chains can be stored on equipment that wasn't even being used in the first place with this tech.

Decentralized exchanges

Centralized exchanges are vulnerable to hackers. Clearly, decentralizing exchanges is the way of the future. The entire purpose of smart-contracts is to provide a trustless system with no third party escrow. Cutting out the middle man is a prime concern of the blockchain.

DAG coins (Directed Acyclic Graph)

Coins like Nano and Iota use a completely different kind of technology. This technology easily provides 0% transaction fees and infinite scalablity. It also provides resistance to possible quantum computing advances in the future. This technology is certainly a valuable way to hedge your bets in the cryptosphere.

UBI (Universal Basic Income)

As automation and robots replace humans in production, UBI becomes more and more of a valid option to keep the system afloat. I don't think that Manna is that great of a coin for various reasons (pre-mine, POW security, low market cap). However, I expect that multiple UBI coins are going to be released. Each will be better than the last and they will be a great way to introduce the naysayers into the space. Take some free money, noob.

Community coins

Coins like Monacoin are already widely accepted in Japan. While there isn't much special about a lot of coins, it is special that a community chooses to put value in a coin. Sometimes that is all that matters. This can really be applied to any active coin.

API coins

When you can take a coin and build applications on top of it the sky is the limit. All of the API coins are going to have great market caps. Scalability may be an issue, but the more API coins you have the less that scalability matters. Also, by having multiple coins that do the same thing you ensure decentralization and there is no single point of failure.

Bitcoin

I'm a pretty big hater of Bitcoin. However, if you truly want to hedge your bets you need to own some. The biggest value of Bitcoin is brand name and first-to-market advantage, which is huge in today's corporate society.

Cooperative capitalism

Everyone thinks that coins are competing against each other like companies. However, they are all helping each other. The only way a blockchain can go under is if it has absolutely no value or if the development team abandons the project. There are hundreds of versions of Linux and none of them compete with each other. This is the strange nature of an open source co-op foundation.

Hedge your bets.

If you have money on the blockchain, spread it around and don't go all in on anything. There is no reason to do this. Play it safe and reap the automatic rewards. Decentralization is the key. Decentralize everything. Abundance for everyone. Cooperation trumps competition. We are all extremely early adopters.

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Ah i forgot to mention Ripple.

XRP is a coin that is centralized and arguably garbage... but at the same time it may have the biggest chance of being accepted by the establishment for that exact reasoning.

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